HB Wealth Management LLC boosted its holdings in shares of Lululemon Athletica Inc. (NASDAQ:LULU – Get Rating) by 53.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,732 shares of the apparel retailer's stock after purchasing an additional 603 shares during the quarter. HB Wealth Management LLC's holdings in Lululemon Athletica were worth $472,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of LULU. American International Group Inc. increased its holdings in Lululemon Athletica by 1.3% during the 4th quarter. American International Group Inc. now owns 10,194 shares of the apparel retailer's stock worth $3,990,000 after purchasing an additional 126 shares during the last quarter. Invesco Ltd. grew its position in shares of Lululemon Athletica by 17.2% in the 4th quarter. Invesco Ltd. now owns 304,207 shares of the apparel retailer's stock worth $119,081,000 after acquiring an additional 44,564 shares in the last quarter. Gotham Asset Management LLC grew its position in shares of Lululemon Athletica by 243.0% in the 4th quarter. Gotham Asset Management LLC now owns 1,708 shares of the apparel retailer's stock worth $669,000 after acquiring an additional 1,210 shares in the last quarter. Rockefeller Capital Management L.P. grew its position in shares of Lululemon Athletica by 1.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,481 shares of the apparel retailer's stock worth $3,711,000 after acquiring an additional 143 shares in the last quarter. Finally, GSA Capital Partners LLP grew its position in shares of Lululemon Athletica by 13.7% in the 4th quarter. GSA Capital Partners LLP now owns 1,756 shares of the apparel retailer's stock worth $687,000 after acquiring an additional 211 shares in the last quarter. 81.11% of the stock is currently owned by hedge funds and other institutional investors.
Get Lululemon Athletica alerts:Insider Activity
In other news, Director Kathryn Henry sold 189 shares of Lululemon Athletica stock in a transaction on Monday, September 12th. The stock was sold at an average price of $351.80, for a total transaction of $66,490.20. Following the transaction, the director now owns 4,102 shares in the company, valued at $1,443,083.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.46% of the stock is currently owned by corporate insiders.
Lululemon Athletica Stock Down 4.3 %
Shares of Lululemon Athletica stock opened at $293.20 on Monday. The stock's fifty day moving average is $317.10 and its 200-day moving average is $316.03. The firm has a market capitalization of $37.38 billion, a PE ratio of 34.33, a price-to-earnings-growth ratio of 1.49 and a beta of 1.29. Lululemon Athletica Inc. has a 12-month low of $251.51 and a 12-month high of $485.83.Lululemon Athletica (NASDAQ:LULU – Get Rating) last issued its quarterly earnings results on Thursday, September 1st. The apparel retailer reported $2.20 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.34. Lululemon Athletica had a return on equity of 40.95% and a net margin of 15.60%. The business had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. Lululemon Athletica's revenue for the quarter was up 28.8% compared to the same quarter last year. Analysts expect that Lululemon Athletica Inc. will post 9.87 EPS for the current year.
Analyst Ratings Changes
Several brokerages have recently commented on LULU. The Goldman Sachs Group lifted their target price on Lululemon Athletica from $365.00 to $383.00 in a research report on Friday, September 2nd. BTIG Research decreased their target price on Lululemon Athletica from $420.00 to $402.00 and set a "buy" rating for the company in a research report on Thursday, July 21st. BMO Capital Markets reduced their price objective on Lululemon Athletica from $344.00 to $304.00 in a research report on Friday, June 3rd. Cowen boosted their price objective on Lululemon Athletica from $512.00 to $531.00 and gave the company an "outperform" rating in a research report on Tuesday, August 30th. Finally, Piper Sandler boosted their price objective on Lululemon Athletica from $310.00 to $320.00 and gave the company a "neutral" rating in a research report on Friday, September 2nd. One analyst has rated the stock with a sell rating, seven have given a hold rating and seventeen have issued a buy rating to the company's stock. According to data from MarketBeat, Lululemon Athletica currently has a consensus rating of "Moderate Buy" and a consensus price target of $403.69.
Lululemon Athletica Company Profile
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lululemon athletica inc., together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women and men. It operates in two segments, Company-Operated Stores and Direct to Consumer. The company offers pants, shorts, tops, and jackets for healthy lifestyle and athletic activities, such as yoga, running, and training, as well as other sweaty pursuits.
Further Reading
- Get a free copy of the StockNews.com research report on Lululemon Athletica (LULU)
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